PEX vs. TYD
Compare and contrast key facts about ProShares Global Listed Private Equity ETF (PEX) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD).
PEX and TYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEX is a passively managed fund by ProShares that tracks the performance of the LPX Direct Listed Private Equity Index. It was launched on Feb 26, 2013. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. Both PEX and TYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PEX or TYD.
Key characteristics
| PEX | TYD | |
|---|---|---|
| YTD Return | 11.18% | -8.94% |
| 1Y Return | 24.99% | 7.55% |
| 3Y Return (Ann) | -0.03% | -21.07% |
| 5Y Return (Ann) | 5.88% | -10.71% |
| 10Y Return (Ann) | 6.65% | -2.75% |
| Sharpe Ratio | 2.04 | 0.20 |
| Sortino Ratio | 2.75 | 0.43 |
| Omega Ratio | 1.36 | 1.05 |
| Calmar Ratio | 1.23 | 0.07 |
| Martin Ratio | 12.39 | 0.47 |
| Ulcer Index | 2.04% | 9.38% |
| Daily Std Dev | 12.35% | 21.65% |
| Max Drawdown | -49.17% | -64.28% |
| Current Drawdown | -1.22% | -58.84% |
Correlation
The correlation between PEX and TYD is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PEX vs. TYD - Performance Comparison
In the year-to-date period, PEX achieves a 11.18% return, which is significantly higher than TYD's -8.94% return. Over the past 10 years, PEX has outperformed TYD with an annualized return of 6.65%, while TYD has yielded a comparatively lower -2.75% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PEX vs. TYD - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is higher than TYD's 1.09% expense ratio.
Risk-Adjusted Performance
PEX vs. TYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PEX vs. TYD - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 13.75%, more than TYD's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 13.75% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 4.32% | 12.50% | 6.28% | 9.05% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.14% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.64% | 0.00% | 0.00% |
Drawdowns
PEX vs. TYD - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for PEX and TYD. For additional features, visit the drawdowns tool.
Volatility
PEX vs. TYD - Volatility Comparison
The current volatility for ProShares Global Listed Private Equity ETF (PEX) is 3.11%, while Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has a volatility of 5.98%. This indicates that PEX experiences smaller price fluctuations and is considered to be less risky than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.